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NYSE - High Tech Market expected IPO of the year

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The company of Jack Dorsey, SQUARE, INC. submitted a formal request to the US-SECURITIES AND EXCHANGE COMMISSION for IPO. Already in 2014 the assessment of the value of the company was more than $ 6 billion, making the IPO Square perhaps the most anticipated IPO in the high-tech sector of the NYSE. Ticker will be SQ. The company was founded by Dorsey in 2009 and is one of the first in the world to have developed a system of payments with bank cards via smartphone. Technological payment solution proved extremely sought on small business from the retail and services allow for instant payment without requiring POS terminal.

2014 Square is processed 446 million payments of 144 million cards for $ 23.8 billion. Revenue growth of the company (yoy) is of + 54% for 2014 and + 51% for the first half of 2015 compared to the same period of 2014. Perspektivitesare interpreted as promising.

The IPO will be a test for the US market, where this year has not yet held a US company's IPO with valuation over of $ 1 billion.

 

G.Hristov / Head of Fundamental Analyzes


 Varchev Traders
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